While car buyers will have more choice of new and used car stock in 2024 the challenges and uncertainties for OEMs and franchised dealers will only continue to mount.
The vital role the remarketing sector is playing in the EV transition needs to be more widely recognised and supported, says the VRA.
Cox Automotive has revised its UK new car market forecast to a 13.5% uplift in new car sales in 2023.
Cox Automotive has seen “unseasonal dealer activity” towards the end of this year in the new car market ahead of a potential no-deal Brexit.
Cox Automotive has reaffirmed its full year forecast of 7.8 million used car transactions in 2019 following the release of Q2 figures from the SMMT.
The seeds of a different used car market 10 years from now have already been sown including fuel type changes, new funding methods and a digitised wholesale sector, according to Philip Nothard of Cox Automotive
Almost two in five dealers have highlighted stock acquisition as the number one commercial challenge in their used car business.
Research into pre-registration activity has revealed a 5% increase in 17/17 plate volumes on 16/16 plate volumes in May, according to Cap HPI.
Dealers are reporting a slowdown in business as consumer demand drops, with the majority expecting a 10% fall in new car sales in 2017.
Strong demand will lead to record used volumes this year.
Cap HPI shows says some car manufacturers now see average returns of vehicles bought new in 24 months.
Cap HPI is urging dealers keep a careful eye on stock turn as research shows pressure on margins over a 12 week period.
The level of pre-registration increased 46% in 16/16 plate volumes during June.
Philip Nothard looks at the future impact of data and digital devices on the automotive retail industry.
Personal contract hire (PCH) has grown from 5% to 7% of the new car finance market, according to Finance and Leasing Association (FLA) data, obtained by AM.
Where do you go from a record year? It appears to be a key concern for the industry and an issue that encompasses everything from used values to dealer margins.
CAP looks at the challenges in sourcing used stock for dealers across the UK, using research exclusive to AM.
A recent study of UK dealers by CAP found the majority, 46.3%, believe that 2016 will beat 2015 for new car registrations.
The new car market is still on track for a record year, despite a sales dip of 1.1% in October, according to CAP.
CAP has reported that volumes of Volkswagen product remain steady in the wholesale market.
